Entry: 0.337 (on breakout confirmation or hold above support level). Stop Loss (SL): 0.33518 (below the lower trendline or support level). Target 1 (T1): 0.34041 (first resistance level). Target 2 (T2): 0.34501 (major resistance level).
Key Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Kopin Corporation Stock Quote - Double Formation * A+ Set Up)) | Completed Survey | Subdivision 1 * Pattern Confirmation | Entry Bias - Triple Formation * 012345 | Wave Count | Subdivision 2 * Retracement Numbered | Uptrend Bias | Subdivision 3 * Daily Time Frame | Entry Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
Long closed.. Short from 2656 Tp 2560.. Good luck and safe trade
Hey everyone this is your boy Hunbal! I am looking for a good sell trade ready for asian session gold is ready for a drop I have 2 confirmation one the rejection from the resistance level and second choc in m30 time frame so we are hoping a good sell from here (2660) our take profit will be 100 pips 2650 and our stop loss will be 60 pips 2666. I wish we all together print some money. Good Luck :)
Hello everyone, let's look at the 4H CAKE to USDT chart, in this situation we can see how the price is moving in the local upward trend channel, we are again heading towards the upper border of the channel, which with a slight rebound may result in an attempt to exit the current channel at the top. In such a situation, it is worth moving on to defining goals for the near future that the price must face: T1 = $2,698 T2 = $2,765 T3 = $2,964 Now let's move on to the stop-loss in case the market continues to decline: SL1 = $2,622 SL2 = $2.56 SL3 = $2,453 SL4 = $2,281
Risky Prediction , please note that it is advisable to scalp NAS100 instead of holding it for long unlike any other pairs. All the best on taking the trade!!
Yields are the factor that dictates what happens to the market next. In case of a break above the white trend around 4.8% expect another push higher towards 5.2% which will mean the stock market might a final push higher, then a recession should hit at this rate. in case of a break below the yellow channel around 4.35% expect further downside to 3.2% which should coincide with a healthy market correction and a run to safety with a rise in bonds, below this level should means recession is already in
following the rejection from 43400, the next support is 41650 which is a multi monthly candle consolidation area and where the trend from Oct 2023 is currently at, It's a major major area of support, if broken and confirmed below expect extreme downside price action to 36000
Good Evening and I hope you are well. tl;dr oil - Neutral. 4th consecutive bull bar on the daily chart and it’s the biggest of the 4. We are close to a bear trend line from the triangle (depending on how you want to draw it) and I rather think this is the climactic end of the rally for now and we pull back more. I can be totally wrong and market breaks above the trend line to retest the August high above 76 but trend lines are support/resistance until broken. Neutral because I think it’s too high to buy and too early to short. The close above 73 was really strong though. comment: Bulls with a strong break above the November high and they closed above 73. We are now in a dead zone between 72.35 and 74 (or the area around the bear trend line). We could see a bigger pull-back down to 72 or 71 before we test the bear trend line. Longs in the dead zone are bad trades, no matter how you put it. I do think the breakout is strong enough to wait for pull-backs and go long then. current market cycle: trading range key levels: 71 - 74 bull case: Bulls have all the arguments on their side now but buying this close to the bear trend line is probably unwise. Many bulls will probably want to see a decent pull-back and form a better channel up. Any pull-back should stay above 70/71 though or more could see it as a bull trap like all other highs above 72 were for 3 months now. Invalidation is below 71. bear case: Bears had to give up once market continued above 72.35. Can they hold short and scale in higher with a stop 78? Not really. They will never reach even 1x their risk, so we will probably have to wait and see where the interest in buying vanishes and market stalls. Bears want to start shorting as close to the bear trend line as possible and if we just use the July & October highs, we could go up to 75. Bears really don’t have much here. Best they can hope for is to stall the market below 75 and wait for more bulls to take profits. Invalidation is above 74. short term: Bullish. Buying near the 2h 20ema or most recent bull trend line is reasonable. Targets above are 74 and maybe 75. I will wait for a better pull-back to buy. medium-long term - Update from 2025-01-02: Still no better medium-long term outlook to write about. The triangle has been going on for so long, it’s highly unlikely that we will break above it. current swing trade: Nope trade of the day: Long since 10 a.m. CET. Strong 1h bull bar closing at the high tick and immediate follow through. Market never looked back.
Good Evening and I hope you are well. tl;dr gold - Bullish. Clear breakout on the 4h tf and market looks like it wants to retest 2700. The triangle is the dominant pattern for now and there is no more resistance until 2700 for the bulls. Market kept above the 1h 20ema since the breakout and any long close to it is reasonable until it’s clearly broken. Bears need something below 2650 again and make the market go sideways for longer to turn it neutral again. comment: Bullish breakout and very strong close at the high. Clear buy signal and market turned bullish again. 2700 is the next big target for the bulls and best case for them would be to keep the 1h 20ema support. Bears need a strong move down to get below 2650 again and then sideways for many bars to turn it neutral again. current market cycle: trading range key levels: 2560 - 2760 bull case: Bulls want 2700 next but I doubt they will get much higher than that. Longing any pullback for target 2700-2720 is reasonable for now. The last time bulls printed two consecutive strong bull bars on the daily chart was in mid December when we moved 120 points up. A measured move from the past 2 days brings us to 2730ish and close enough to the lower highs around 2740/2760. Invalidation is below 2640. bear case: Bears were nowhere to be found today. They could not print 1 decent 1h bar and that is why I think today’s price action is so strong. Every small dip was bought and volume is also picking up again. Bears would need something below 2640 again but for now the best they can hope for is to stay below 2700 and go sideways. Invalidation is above 2710. short term: Bullish. Want to see 2700 and markets reaction there. Depending on the next pull-back, this could continue to 2740+ and break above the bear trend line but for now I look for longs for target 2700. medium-long term - Update from 2024-01-02: If we break strongly above 2700, we will likely retest 2740-2760 and depending on that move, we will either stay inside the big range 2560 - 2760 or retest 2800 or even higher. current swing trade : None trade of the day: Buying near the 1h 20ema.